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Market SynopsisVehicle pillars are essentially vertical supports for a cars window area. Moving from the front to the rear the vehicle pillars are designated as A, B, C and D. These alphabetical designations of the pillars prove to be essential during a design discussion and critical communication.
Automotive industry is diversifying at a greater speed as manufacturers and suppliers race to produce lighter and more powerful vehicles in lesser time. Alternative fuels, new lightweight materials and innovative technology are transforming the manufacturing process of automotive industry. With the global economy undergoing an unprecedented level shift, major emerging countries such as China, India, Thailand, and Indonesia are becoming manufacturing hubs for global automotive players. The income levels of individuals have been steadily increasing, also resulting in the rise in their disposable income, pushing the market towards growth. The currently booming automotive industry, combined with steadily increasing disposable income, is expected to contribute significantly in the growth of the market.
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The vehicle pillar market has witnessed significant growth in recent times. The increase in demand in the vehicle pillar market is complimentary to the increase in demand in the automotive industry, thus making the growth of the automotive industry a major contributor towards the growth vehicle pillar market. Passenger safety in automobiles has become a hot topic of discussion off late with the advent of new technology in the form of driver assistance systems, collision sensors and pedestrian sensors. Apart from technological advancements the manufacturers have been gunning towards increased passenger safety in the traditional sense and thus have resulted in developing high quality vehicle pillars. The global vehicle pillar market is expected to reach the valuation of USD 7,364.9 million by 2023, from USD 5,108.6 million in the year 2016, growing at a CAGR of 5.46%.
The global market for Vehicle Pillar is characterized by the presence of many global, regional, and local vendors. The market is highly competitive with all the players competing to gain market share. Intense competition, rapid advances in technology, and frequent changes in government policies are key factors that confront the market growth.
The prominent players in the vehicle pillar market include Unipres Corporation (Japan), Kirchhoff Automotive Gmbh (Germany), Tianjin Toyotetsu Automobile (Japan), Toyotomi Kiko Co (Japan), G-Tekt Corporation (Japan), Martinrea International (Canada), Aisin Market Scenario
Global automotive exhaust gas recirculation (EGR) systems are expected to have a very broad market in the coming years. MRFR analysts have predicted that the passenger car segment is about to be valued at USD 19,242.3 million by the year 2023. Geographically, Asia Pacific is a major revenue generator in the global automotive exhaust gas recirculation (EGR) systems market, China being one of the most attractive markets for manufacturers. North America is the second leading region in terms of revenue, whereas Europe stood as the third leading region.
The global automotive exhaust gas recirculation (EGR) system market has been segmented based on product type, vehicle type and application. Based on product type the market is segmented as EGR valve, EGR cooler and EGR pipe. Of all product types EGR valve segment is expected to dominate the market. Based on vehicle type, it is segmented as passenger car, light commercial vehicle and heavy commercial vehicle. Rising demand of passenger car among large pool of population, and expansion of global auto-manufacturers into new emerging markets, act as major factors for the growth of this segment. By applications the market has been segmented as diesel-powered vehicle and gasoline-powered vehicle.
The major players operating in global automotive exhaust gas recirculation (EGR) system market, who have adopted the strategies such as geographic expansion, mergers, and acquisitions are Mahle GMBH (Germany), Wells Vehicle Electronics (US), BorgWarner Inc (US), Cambustion Ltd (UK), Delphi ANSYS Inc (UK), Denso Corporation (Japan), Eberspacher Group (Germany), ElringKlinger AG (Germany), IAV automotive engineering (Germany), Wells Vehicle Electronics (US), and Friedrich Boysen GmbH (Germany) .
Table of Content: Key Points
1 Executive Summary 13
2 Introduction 15
3 Research Methodology 17
4 Patent Trends 21
5 Market Factor Analysis 24
6 Market Dynamics 27
7 Global Automotive Exhaust Gas Recirculation (EGR) Systems Market, By Product Type 31
8 Global Automotive Exhaust Gas Recirculation (EGR) Systems Market, By Vehicle Type 34
9 Global Automotive Exhaust Gas Recirculation (EGR) Systems Market, By Application 37
10 Global Automotive Exhaust Gas Recirculation (EGR) Systems Market, By Region 40
…Continued
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